International

Strong spring floods have shut down one refinery in Russia as they compromised a dam in the area forcing the evacuation of thousands, the BBC has reported, citing Russian government officials. Russian media report that the dam breach had sunk the old part of the city of Orsk and the …

China’s first ultra-deep geothermal scientific exploration well, Fushenre-1, is anticipated to reach a subterranean depth of 5,200 meters on Monday, setting a new record for the deepest geothermal exploration well in the country, China Media Group reports. The well’s drilling project is led by Sinopec, one of China’s largest oil …

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the North Sea have all announced ambitious production goals for the coming years, despite pressure from European governments and environmentalists to …

The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust. Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies …

The competition in China’s EV world continues to heat up, as the market becomes more and more saturated. The country’s automakers are aggressively trying to take advantage of Tesla’s recent price hikes by offering incentives, while at the same time gearing up to compete with the “disruptive” entry of Xiaomi …

Japan and China have held talks over the release of treated radioactive wastewater from the crippled Fukushima Daiichi nuclear power plant. During the talks held in Dalian, northeastern China on Saturday, the two sides laid out their positions and exchanged opinions on technical matters concerning the treated water, Kyodo News …

For the Qatar 2022 World Cup, the government promised to make the tournament as green as possible through green public transport, massive recycling efforts and reusable venues. However, many questioned whether it would ever be possible to make a World Cup being held in the desert truly green, as it …

Russia will be cutting oil production instead of exports in the second quarter of 2024 so that all OPEC+ producers that reduce output contribute equally to the cuts, Russian Deputy Prime Minister Alexander Novak said on Friday. “This is a move to ensure an equal contribution of all countries to …

Chinese EV exports to the European Union slumped by 19.6% in January and February 2024 compared to the same period last year as the EU continues its investigation into whether China’s subsidies are giving its auto manufacturers an unfair advantage over other EV makers. In the first two months of …

Iraq’s government and oil companies working in the country’s north blamed each other for delays in resuming a key pipeline to Turkey, divisions that could keep the link shut for even longer. Oil firms’ refusal to deliver Kurdish crude to the federal government for exports is one of the main …